US Bancorp DE Boosts Holdings in GoDaddy Inc. (NYSE:GDDY)

US Bancorp DE lifted its stake in GoDaddy Inc. (NYSE:GDDY - Free Report) by 41.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,117 shares of the technology company's stock after buying an additional 15,659 shares during the period. US Bancorp DE's holdings in GoDaddy were worth $10,484,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GDDY. State Street Corp grew its holdings in shares of GoDaddy by 2.2% during the third quarter. State Street Corp now owns 6,892,134 shares of the technology company's stock worth $1,080,549,000 after purchasing an additional 147,105 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of GoDaddy by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,423,622 shares of the technology company's stock valued at $535,153,000 after purchasing an additional 84,550 shares during the period. WCM Investment Management LLC grew its stake in GoDaddy by 7,083.4% during the 4th quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company's stock worth $678,941,000 after buying an additional 3,356,678 shares during the last quarter. FMR LLC lifted its stake in GoDaddy by 19.8% in the third quarter. FMR LLC now owns 1,660,283 shares of the technology company's stock valued at $260,299,000 after buying an additional 274,014 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in GoDaddy by 17.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,368,693 shares of the technology company's stock valued at $214,584,000 after buying an additional 203,909 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of brokerages have recently commented on GDDY. JPMorgan Chase & Co. lifted their target price on shares of GoDaddy from $224.00 to $231.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Robert W. Baird lifted their price objective on shares of GoDaddy from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Jefferies Financial Group increased their target price on shares of GoDaddy from $170.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. UBS Group boosted their price target on GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Finally, Raymond James increased their price objective on GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, GoDaddy has a consensus rating of "Moderate Buy" and an average price target of $213.20.

GoDaddy Price Performance

GDDY traded up $3.39 on Friday, hitting $175.52. 1,885,390 shares of the company were exchanged, compared to its average volume of 1,338,129. GoDaddy Inc. has a fifty-two week low of $110.59 and a fifty-two week high of $216.00. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The firm has a market capitalization of $24.81 billion, a P/E ratio of 27.21 and a beta of 1.15. The business's fifty day moving average is $196.06 and its 200 day moving average is $182.04.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). The firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. As a group, sell-side analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current year.

Insider Buying and Selling

In related news, CFO Mark Mccaffrey sold 5,500 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total value of $1,094,555.00. Following the sale, the chief financial officer now owns 84,300 shares of the company's stock, valued at approximately $16,776,543. This represents a 6.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Phontip Palitwanon sold 1,554 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $203.90, for a total value of $316,860.60. Following the transaction, the chief accounting officer now directly owns 21,505 shares of the company's stock, valued at $4,384,869.50. The trade was a 6.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,034 shares of company stock worth $4,166,030 in the last three months. Corporate insiders own 0.61% of the company's stock.

GoDaddy Company Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.